Non-Resident Landlord

An individual (or company) who owns property and rents it out, while not being resident in the Country where the property is located is called a 'Non-Resident' Landlord.

Applicable to UK taxation, when a Landlord is not resident in the UK, the default requirement is for the letting agent handling the property (or the tenant if there is no letting agent) is required to deduct tax from the rent and pay it over to HMRC. This default requirement can be bypassed by application under the NRL Scheme (see also 'NRL scheme').